When is it worth taking an ANKR long position ?Today, ANKRUSDT is trying to break through the trend line for the second time, which indicates a yearly downtrend.
The previous attempt by ANKR buyers to break through the trend line failed in August 2022 and after that, the price fell by another -60%.
Now it's too late to enter the ANKRUSDT long, it's better to observe the price behavior.
If the buyers of ANKRUSD manage to keep the price above the red trend line and above the liquidity zone of $0.03-0.032, then a strong long to the area of $0.06
If sellers push the price below $0.03 again, then there will be no problem to fall even lower -30-40%, at least to $0.024.
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ANKRUSDT
ANKR Buy time #Big bull coinHello traders!
Welcome back to another episode with Analyst Aadil1000x.
After great success in CHRusdt and WOOusdt we are now buying ANKRusdt for a big bull run.
Previously I gave 100% surety for CHR and WOO but this time the surety level is a little less than 100%. Let's see what will happen in this trade as the strong bullish pattern is completed and it is ready to fly and we are ready to move with it.
ANKRusdt buy now, its a 0.03036
Stoploss 0.02810(-7.4%)
Target 1, 0.03432(+13.1%)
Final Target 0.03876(+27.7%)
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ANKR bearish SentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
ANKR has a negative overall sentiment recently.
I have the following price targets:
ANKR/USDT short
Entry Range: $0.033 - 0.039
Price Target 1: $0.030
Price Target 2: $0.028
Price Target 3: $0.024
Stop Loss: $0.045
$ANKR squeezing hard, rejecting support, ready to tear!As usual i keep my TA fairly simple and to the point to make it easy to understand and easy to follow for anyone thinking about utilizing this information to help catch a great entry!
NOW, for the meat and potatoes (:
ANKR has been sitting in this large range for quite some time, and it is FINALLY getting squeezed out at the bottom edge of the trend. Even better, the support at this bottom level has been holding with integrity despite other coins breaking down recently. ANKR did not. it held support regardless of the PA occurring in the rest of the market.
This leads me to believe ANKR is building up a lot of momentum to burst out of this trend UPWARDS for a long position entry.
Personally ill be aiming to set 2 TP's upon break out. each fib level up will be a TP marker. As a safety measure, i set my TP right below these key levels.
ill also mention that there are TWO ways i may set an entry for such a break out.
1. i will wait for the break out, allow it to pullback and retest the previous trend line as support, and enter at this point.
2. i will anticipate a break out to occur, and set a stop limit order above the trend line so that it will fill as ANKR breaks through, allowing me to get a late entry and still catch a majority of the break!
hope this helps, and lets hope this breaks out soon!!!
ANKR/USDT - Market Update 20.08.22Hello Traders!
The price of ANKR has tested the downtrend line and resistance at $0.049, after which the reaction of sellers followed.
Based on the analysis of senior timeframes we can assume the continuation of downward price formation, within which we can consider the option of medium-term purchases.
Purchases can be considered in a price range of $0.015-0.026.
The targets will be the price levels of $0.063 and $0.084
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
ANKRUSDT(ANKR) Daily tf Range Updated till 11-08-22ANKRUSDT(ANKR) Daily timeframe range. a clean chart and a decent alt. saw some progress on the fundamental side which also helped it on the price action. altho it had a slow bleeding through May 2022 which is not a good prop but after a long consolidation it retraced back. volume here is optimal. means we could look for swing and range setups for a trade.
ANKR OpportunityHey folks, I am Nav!
With this account, I am trying to journal my trades. And I like to keep my trades extremely simple and uncluttered.
Please use the areas highlighted as support,confluence or resistance and plan accordingly & responsibly
If you liked my idea, please check others and follow for more!!
Cheers :)
ANKR - Full Elliott Wave Count ✅ANKER has made some interesting price action. We can see that the major correction is divided in to 3 different waves, A B and C.
Each of these 3 waves are subdivided into 3 subwaves, ABC, which follow the 3-3-5 wave formation. We are now in the major wave C now, which is divided into 3 subwaves 3-3-5 ABC subwave. We are currently on subwave C now which is divided into 5 minor waves and currently on the 5th minor wave.
It sounds pretty complex but just read the above and follow along on the chart.
Trade idea:
- Watch for the 5th subwave to bottom. You can do this using a simple trendline or BOS for confirmation
- Once the bottom is intact, watch for any corrections to add long positions
- Targets: 0.20, HODL the rest and actively manage it
Would love to hear your comments below. As always, trade safe!